Home Depot Technical Analysis Overview

HD -- USA Stock  

USD 200.97  0.13  0.06%

The Home Depot retains Market Risk Adjusted Performance of 0.0142, Risk Adjusted Performance of 0.008 and Downside Deviation of 0.6205. Home Depot technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the corporation future prices. In other words you can use this information to find out if the corporation will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for The Home Depot which can be compared to its competitors. Please check out The Home Depot Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to decide if Home Depot is priced fairly providing market reflects its last-minute price of 200.97 per share. Given that The Home Depot has Jensen Alpha of 0.0559, we strongly advise you confirm The Home Depot regular market performance to make sure the company can sustain itself at future point.
 Time Horizon     30 Days    Login   to change

The Home Depot Technical Analysis

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The output start index for this execution was nine with a total number of output elements of eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of The Home Depot volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

The Home Depot Trend Analysis

Use this graph to draw trend lines for The Home Depot. You can use it to identify possible trend reversals for Home Depot as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Home Depot price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Home Depot Best Fit Change Line

The following chart estimates an ordinary least squares regression model for The Home Depot applied against its price change over selected period. The best fit line has a slop of 0.34 % which suggests that The Home Depot will keep on generating value for investors. It has 34 observation points and a regression sum of squares at 96.49, which is the sum of squared deviations for the predicted Home Depot price change compared to its average price change.

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Home Depot July 18, 2018 Daily Price Condition

Please also check Risk vs Return Analysis. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.